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Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said.
The Government Accountability Office said 72 percent of all foreign corporations and about 57 percent of U.S. companies doing business in the United States paid no federal income taxes for at least one year between 1998 and 2005.
via Study says most corporations pay no U.S. income taxes | Reuters.
Filed under: Action Alert!, activism, Corporations, economy, News, politics, US Politics Tagged: | Corporation, Foreign corporation, Government Accountability Office, Income tax in the United States, Internal Revenue Service, Tax, taxation, united states, us uncut
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